Market Update – January 20, 2017
No new Eichlers on the market this week. However, there are signs that the market is beginning a slow awakening from the winter hibernation. Last week on the Friday tour (Mountain View, Los Altos, Palo Alto) there were 22 new listings.
This week there are 29 new listings. I believe the endless rain, Trump inauguration, and rising interest rates may be playing into another slow week. After all, who wants to be hosting a Broker Tour or Open House in a torrential downpour? Several very attractive tear-down lots have also come on in Palo Alto so will be very interesting to see where those go.